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Individual Risk-Taking as a Function of Manipulated Information about Norms

Bibliographic Data

ID13661925
AuthorsArnold H Schwartz (Colorado State University, corresponding author), Ross J Loomis (Colorado State University), John A Hébert (Colorado State University)
Year1975
Volume36
Issue1
Pages107-114
Publication date1975-02-01
Open AccessYes
TypeARTICLE
VenuePsychological Reports (JOURNAL)
Journal identifiersISSN: 0033-2941 • E-ISSN: 1558-691X
PublisherSAGE Publishing (PUBLISHER • US)
DOI10.2466/pr0.1975.36.1.107
OpenAlexW1967431697
LanguageEN
References cited8

Life situation dilemmas were presented to Ss who were to advise the central character in the situation as to what would be the lowest acceptable odds for success of a riskier, more attractive outcome. In the first session, the effects of familiarizing oneself with arguments pro and con were measured. In the second session, 10 days later, these same Ss were presented with manipulated norm information from the first session prior to taking the dilemma questionnaire again. Ss who were given (false) information that the group had been rather risky in the first session tended to shift toward risk, while those given feedback that Ss had been quite cautious, tended to shift toward caution, while a group given no feedback from the first session fell in between these two groups. The study was interpreted as supporting the hypothesis that information about others' choice is sufficient for risky shift to occur

Dilemma · Logistic regression · Norm (philosophy · Odds · Session (web analytics · Computer Science · Cultural Differences and Values · Medicine · Psychology · Psychology of Moral and Emotional Judgment · Social and Intergroup Psychology · Social Psychology

  • Why do Groups Make Riskier Decisions Than Individuals

    Open Access•Kenneth L Dion, Robert S Baron et al.•Adv in Expmtl Soc Psychol V5•1970

  • Effects of familiarization and group discussion upon risk taking

    James P Flanders, Donald L Thistlethwaite•Journal of Personality and Social…•1967

  • Familiarization, group discussion, and risk taking

    Open Access•Nicholas Bateson•Journal of Experimental Social…•1966

  • Risky and cautious shifts in group decisions

    Open Access•James A F Stoner•Journal of Experimental Social…•1968

  • Determinants of scientific progress

    Dorwin Cartwright•American Psychologist•1973

  • Group induced shift toward risk

    Russell D Clark•Psychological Bulletin•1971

Highly citedNo

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